According to a new market research study titled ‘Cold Plasma Equipment Market‘ Global Analysis and Forecasts by Regime and Application, the global cold plasma equipment market is expected to reach US$ 308.14 Mn in 2027 from US$ 96.67 Mn in 2019. The market is estimated to grow with a CAGR of 15.7% from 2020-2027. The report highlights the trends prevalent in the global cold plasma equipment market and the factors driving the market along with those that act as deterrents to its growth. The market is expected to grow due to increase in increasing use of cold plasma in medical treatment, increasing number of hospital-acquired infections (HAI) and development of new cancer therapies involving cold plasma technologies. However, lack of reimbursement for cold plasma equipment and adverse events exhibited by the use of cold plasma are likely to hamper the growth of the market.
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Some of the prominent players operating in cold plasma equipment market are, Nordson Corporation, Plasmatreat GmbH, Adtec Healthcare, Henniker Plasma, Europlasma NV, Tantec GmbH, TheraDep Technologies, Inc., terraplasma medical GmbH, Apyx Medical and neoplas tools GmbH. The market players are focused towards adopting various inorganic strategies to sustain their significance in the global market. For instance, in 2017, SiO2 Medical Products Signs Commercialization Agreement with TheraDep wherein SMP would be the exclusive supplier of Theraedep’s BioDep coated cell and tissue culture multi-well plates for general purpose use and non-exclusive partner for such coatings on other lab-ware or consumables.
Surgical oncology is considered to be an important type of cancer therapy that plays a vital role in effective cancer therapy and treatment. Surgery of cancerous cell on treatment with cold plasma leads to the coagulation process. Various studies are also exploring the role of cold atmospheric plasma (CAP) in the treatment of cancer studies and have gained positive results and insights rising the hope for this treatment to emerge as a new therapeutic approach for cancer treatment. For instance, according to a research study published by Iran University of Medical Sciences in March 2017, feasibility of applying CAP for treating human tissues showed promising results in favor of anti-cancer effects. Thus, the significant action of cold plasma in cancer treatment is likely to boost the growth of the cold plasma equipment market in the coming years.
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